Ricardo

DAVID RICARDO David Ricardo was born in 1772 and was the third son (out of seventeen). David Ricardo`s family was descended from Iberian Jews who had fled to Holland during a wave of persecutions in the early 18th century. His father, a stockbroker, emigrated to England shortly before Ricardo`s birth. Ricardo attended school in Holland, but left at the age of 14 to work for his father full time in the London Stock Exchange. At 21, …

…of the good in which it has a comparative cost advantage in producing and then trad with other nations for the other goods. Ricardo was elected into the British parliament in 1819, were his primarily interest was in repayment of public debt, capital taxation and the repeal of the Corn Laws. Ricardo made a fortune as a stockbroker and a loan broker. When he died in 1823, his estate was worth over $100 million in today`s dollars.